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2 Oct 2023

MicroStrategy has been able to outperform the underlying Bitcoin price mostly because of its use of leverage

Specifically, $MSTR took on a total of $2.2 billion in debt to purchase its BTC, the earliest of which matures at the end of 2025. This debt has a blended interest rate of only 1.6%. The markets in 2021 were distorted, and $MSTR capitalized by offering $1.05 billion in convertible debt with a 2027 maturity at 0%, which it used to buy $BTC. In other words, MSTR was able to borrow $1.05 billion until 2027 at 0% interest! This $2.2 billion of debt finances a $BTC position with a current market value of $4.3 billion. Source: Mark Harvey

2 Oct 2023

ProShares Bitcoin Strategy ETF was the first Bitcoin ETF to trade on a major exchange in the US, launched Q4 2021 at the height of the last bull market

The ETF currently holds 35,890 BTC, and is the oldest and largest fund in the space. How much Bitcoin does each ETFs hold? 👇 Source: Coingecko

25 Sep 2023

Flows are still not coming into publicly-listed bitcoin funds (including etfs)

Source: JPM, TME

18 Sep 2023

Money sent on the bitcoin blockchain this year has surpassed PayPal and is nearing Visa

Source: Documenting Bitcoin

13 Sep 2023

Yes I know it is an easy one...

Source: coingecjo, TeongH_SR

13 Sep 2023

Templeton just filed application for a Bitcoin spot ETF

Here's the list of Institutions which have filed for a bitcoin spot ETF (assets under management in brackets) -> Total assets managed is $17.7 trillion - BlackRock ($10T) - Fidelity ($4.5T) - Franklin Templeton ($1.5T) - Invesco Galaxy ($1.5T) - WisdomTree ($87B) - VanEck ($61B) - GlobalX ($40B) - ARK Invest ($14B) - Bitwise ($1B) - Valkyrie ($1B) Asset manager Franklin Templeton applied with the United States Securities and Exchange Commission on Sept. 12 to launch a spot Bitcoin exchange-traded fund (ETF).

12 Sep 2023

Cryptocurrencies were again under pressure today with bitcoin testing $25k

There are fears that altcoins face significant downside as FTX potentially seeks to dump its $3.4BN digital asset holdings. This is happening as BTC is close to a 'death cross' - 50DMA dropping below 200DMA... Source: Bloomberg, www.zerohege.com

11 Sep 2023

The Bitcoin Supply Formula

Source: documenting bitcoin

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